Agree that Diluting equity is bad ...
But ICICI being all over the place is VERY GOOD and i consider it as positive - this is what Peter Lynch said right ?
ICICI earns a good amount by its high fee based income
Icicidirect is the leading online brokerage portal
The scale comes from innovative products ...
99.9 % Gold Scheme is one example of that
And ICICI has been doing it successfully for past 3 yrs...
its first mover in so many things ... its like a first habit to them...
8AM to 8 PM Mon-Sat ... isn't that ultra customer service
first to transfer funds all across india in minutes ...
so many firsts... first to have no annual fees in credit cards, first to have loan against property, against car, against NSC, etc....
and first to ask RBI to submit bid for UWB...
And see the clean action -
On Saturday, RBI told about UWB miseries...
On Sunday, ICICI informed the exchanges about the board meet on Monday
On Monday, before 11 - it became the first bank to formally tell RBI about UWB takeover bid...
And i personally like K V Kamath over Deepak Parikh ... and u only said that IIM folks at top level can do wonders to the company .. K V Kamath is from IIM Ahmedabad...